US Dollar still heading toward a depreciation path longer term – Wells Fargo – by MSalordFX DollarIndex Banks
“The U.S. dollar is experiencing multiple cross-currents that can result in a stable greenback through the end of Q2-2023. Longer term, we believe the Fed will lower interestmore aggressively than peer central banks, which can place broad depreciation pressure on the dollar over the second half of 2023 and into 2024.”
“We also believe emerging market currencies can continue to experience widespread currency strength going forward, with the best opportunities existing within high yielding currencies in Latin America and Emerging Europe.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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